The standard cost of product B manufactured by Bhaskara Company includes 3 units of direct materials at $6.90 per unit. During June, the company purchases 29,000 units of direct materials at a cost of $6.49 per unit and uses 29,000 units of direct materials to produce 9,500 units of product B. Calculate the materials variance, and the price and quantity variances. 4 Materials variance Materials price variance Materials quantity variance $ LINK TO TEXT Unfavourable Neither favourable nor unfavourable Favourable Calculate the materials variance, and the price and quantity variances, assuming the purchase price is $7.11 and the quantity purchased and used is 28,000 units Materials variance Materials price variance $ Materials quantity variance $